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Cost uncertainty in an oligopoly with endogenous entry
De Pinto, Marco; Goerke, Laszlo - 2021
How does cost uncertainty affect the welfare consequences of an oligopoly? To answer this question, we investigate a … Cournot oligopoly in which firms produce a homogeneous commodity and market entry is feasible. Marginal costs are unknown ex …-up. Furthermore, the welfare loss due to oligopoly tends to increase with uncertainty. …
Persistent link: https://www.econbiz.de/10012620737
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Redistribution and insurance with simple tax instruments
Findeisen, Sebastian; Sachs, Dominik - 2015
We analyze optimal taxation of labor and capital income in a life-cycle framework with idiosyncratic income risk. We provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is independent of the social welfare function and...
Persistent link: https://www.econbiz.de/10011283108
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Education, disappointment and optimal policy
Anderberg, Dan; Cerrone, Claudia - 2014
potentially loss averse around their expected outcome make risky investments in education and we draw on optimal tax theory to …
Persistent link: https://www.econbiz.de/10010467858
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Cost uncertainty in an oligopoly with endogenous entry
De Pinto, Marco; Goerke, Laszlo - In: Bulletin of economic research 74 (2022) 4, pp. 927-948
Persistent link: https://www.econbiz.de/10013468160
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Risk sharing in the presence of a public good
Schroth, Josef - 2015
This paper studies an economy where agents can spend resources on consuming a private good and on funding a public good. There is asymmetric information regarding agents' relative preference for private versus public good consumption. I show how private good consumption should be coordinated...
Persistent link: https://www.econbiz.de/10011302006
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Comparison between optimal output tax ad valorem tax for a polluting oligopolist under demand uncertainty
Kim, Iltae; Lee, Sang-Ho - In: Environmental economics and policy studies 5 (2002) 1, pp. 1-15
Persistent link: https://www.econbiz.de/10001709249
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Optimal fiscal policy in a model of firm entry and financial frictions
Cooke, Dudley; Damjanovic, Tatiana - In: Review of economic dynamics 35 (2020), pp. 74-96
Persistent link: https://www.econbiz.de/10012500071
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Optimal taxes on capital in the OLG model with uninsurable idiosyncratic income risk
Krueger, Dirk; Ludwig, Alexander - 2019
We characterize the optimal linear tax on capital in an Overlapping Generations model with two period lived households facing uninsurable idiosyncratic labor income risk. The Ramsey government internalizes the general equilibrium effects of private precautionary saving on factor prices. For...
Persistent link: https://www.econbiz.de/10012062122
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On environmental taxation under uncertainty
Aronsson, Thomas; Blomquist, Nils Sören - 1999
This paper addresses optimal taxation, when the relationship between consumption and environmental damage is uncertain and treated as a random variable by policy makers. The main purpose is to analyze how additional uncertainty about this relationship affects the optimal unit tax on the...
Persistent link: https://www.econbiz.de/10011587847
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Optimal taxes on capital in the OLG model with uninsurable idiosyncratic income risk
Krueger, Dirk; Ludwig, Alexander - 2018
We characterize the optimal linear tax on capital in an Overlapping Generations model with two period lived households facing uninsurable idiosyncratic labor income risk. The Ramsey government internalizes the general equilibrium feedback of private precautionary saving. For logarithmic utility...
Persistent link: https://www.econbiz.de/10011796072